Wall Street is pouring billions into public Bitcoin mining companies, but the investment thesis has little to do with the emerging industry’s …
Bitcoin
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Markets
Bitcoin and stocks stabilize after early week slide. The bond market isn’t convinced.
by shayaanby shayaanRisk assets recover from oil-driven selloff as rising yields pressure Fed rate-cut bets. www.coindesk.com
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Regulation
Senator Lummis says Kraken’s master account opens door for Bitcoin adoption in banks
by shayaanby shayaanKraken’s newly granted access to a Fed master account brings Bitcoin closer to mainstream banking, said Senator Cynthia Lummis, a known Bitcoin …
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Markets
XRP Faces High Risk Of Breakdown Below $1.30, Expert Flags Bitcoin As Main Threat
by shayaanby shayaanXRP has climbed back above the $1.40 mark this week, a level that previously acted as resistance, but analysts warn that the …
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CleanSpark (CLSK), a U.S.-based bitcoin $BTC$72,578.05 mining company that operates large-scale data centers, sold almost all the bitcoin it produced last month …
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Smart Contracts
Vancouver Moves to Close Bitcoin Reserve Proposal After Legal Review
by shayaanby shayaanIn short City staff has concluded that the Vancouver Charter does not allow Bitcoin in city reserves. The motion followed a late …
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Finance
Ex-OpenAI researcher’s hedge fund reveals big Bitcoin miner bets in new SEC filing
by shayaanby shayaanLeopold Aschenbrenner has built a US stock portfolio heavily concentrated in companies that supply the power and infrastructure behind the artificial intelligence …
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The average cost of mining one Bitcoin has climbed above $70,000, marking a sharp increase from the $67,704 recorded earlier this year. …
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Markets
Bitcoin Consolidates Near Key Support Band — $77,000 Holds The Key To The Next Move
by shayaanby shayaanBitcoin is consolidating near a crucial support band, with $77,000 emerging as the key level to watch. A breakout above it could …
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Mining
Bitcoin Miner Core Scientific Bets on AI Boom With $1 Billion Backing From Morgan Stanley
by shayaanby shayaanCore Scientific has secured a financing agreement with Morgan Stanley worth up to $1 billion to expand its digital infrastructure operations. The …